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Thursday, January 6, 2011

Malaysia Is Back On Radar Of International Investors

January 06, 2011 14:16 PM

Malaysia Is Back On Radar Of International Investors

KUALA LUMPUR, Jan 6 (Bernama) -- Malaysia is back on the radar of international investors, reflected by the huge inflow of foreign funds coming into the local bourse since last September, Bursa Malaysia Chief Executive Officer, Datuk Yusli Mohamed Yusoff said.

Commenting on the current bullish trend of the stock market, he said more foreign money is expected to enter the country with foreign investors continuing to look at the positive fundamentals offered here.

"Well, I see a lot of interest in this region. We hope this interest will continue because, we have a lot of good quality stocks to offer to investors in our market, and we do see good value in our companies.

"Hopefully, Malaysia will get a fair share of interest from the foreign investors," he told reporters on the sidelines of Maxwell International Holdings Bhd's listing ceremony here Thursday.

According to MIDF Research in a recent research note, prospects for the local bourse would be good this year, with foreign liquidity continuing to be drawn to Malaysia.

Last October, the FTSE re-classified Malaysia as an "advanced emerging market", effective June this year.

"This is expected to attract foreign funds tracking FTSE indices (estimated to be more than US$3 trillion). Malaysia will be only one of nine countries to be in the category.

"Only four Asian countries are in the developed bracket (Hong Kong, Japan, Singapore, Korea) out of 25," MIDF Research said.

Yusli said although it is still early days where the year is concerned, Bursa would continue to focus on quality, good governance, transparency and investors protection.

"We think this is important for all stakeholders in our market and hopefully, they will get the recognition deserved from investors," he added.


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